Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Monday, April 15, 2024 | Back issues
Courthouse News Service Courthouse News Service

SEC Sues Addington Hedge Fund Manager

GRAND RAPIDS, MICH. (CN) - Hedge fund manager Daniel Jones and Azure Bay Management deceived investors and hid losses in The Addington Fund, prepared and published false statements about the fund's finances since 2005, while taking fees of at least $135,000 based on the fund's false performance, the SEC claims in Federal Court. Jones, 42, of Battle Creek, president of Addington, took $16,500 in unjustified fees as recently as September, the SEC says. See complaint.

Categories / Uncategorized

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.